BEIJING (AFX-ASIA) – China is expected to complete revisions to the rules governing the power sector by the end of this year, the Shanghai-based International Finance News reported.

The newspaper quoted Wu Guihui, a senior official with the National Development and Reform Commission, as saying that the revised law will contain some new guidelines on issues such as power sector investments and financing, establishing a power market, and supervisory and pricing system as well as strengthening the management of power demand.

It said the draft power supervisory regulations by the China Electricity Regulatory Commission are also expected to be completed by the end of the year. This regulation covers seven areas including power supervisory institutions, power business licensing and price and financial supervisions.